Corning Incorporated $GLW Shares Sold by Valley Wealth Managers Inc.

Valley Wealth Managers Inc. reduced its stake in Corning Incorporated (NYSE:GLW) by 6.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 378,520 shares of the electronics maker’s stock after selling 25,968 shares during the period. Corning accounts for 2.1% of Valley Wealth Managers Inc.’s portfolio, making the stock its 9th biggest position. Valley Wealth Managers Inc.’s holdings in Corning were worth $31,050,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GLW. Vanguard Group Inc. boosted its holdings in shares of Corning by 1.6% in the second quarter. Vanguard Group Inc. now owns 97,952,109 shares of the electronics maker’s stock valued at $5,151,301,000 after acquiring an additional 1,582,895 shares in the last quarter. State Street Corp boosted its holdings in Corning by 1.4% in the 2nd quarter. State Street Corp now owns 36,568,973 shares of the electronics maker’s stock valued at $1,923,162,000 after purchasing an additional 509,013 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Corning by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 19,443,525 shares of the electronics maker’s stock valued at $1,018,629,000 after purchasing an additional 112,739 shares in the last quarter. Ameriprise Financial Inc. increased its position in Corning by 8.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after purchasing an additional 1,036,988 shares during the period. Finally, Norges Bank purchased a new position in shares of Corning during the 2nd quarter worth approximately $534,936,000. 69.80% of the stock is owned by institutional investors and hedge funds.

Corning Price Performance

Shares of NYSE:GLW opened at $102.97 on Friday. Corning Incorporated has a one year low of $37.31 and a one year high of $113.99. The stock has a market cap of $88.29 billion, a PE ratio of 55.96, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The business’s fifty day moving average price is $89.46 and its two-hundred day moving average price is $79.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.59.

Corning (NYSE:GLW) last announced its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, analysts forecast that Corning Incorporated will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling at Corning

In related news, CFO Edward A. Schlesinger sold 21,104 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the sale, the chief financial officer directly owned 54,780 shares in the company, valued at approximately $5,727,249. The trade was a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Large multiyear agreement with Meta (up to $6B) to accelerate U.S. data‑center buildout adds revenue visibility for Corning’s optical business and supports manufacturing expansion. Read More.
• Positive Sentiment: Q4 results beat: $0.72 EPS on $4.41B revenue (optical communications up sharply), and management raised the Springboard plan — fundamentals point to sustained Gen‑AI / data‑center demand. Read More.
• Positive Sentiment: Several brokers raised targets/ratings (Susquehanna to $125, Citi to $120, JPMorgan to $115), reflecting bullish analyst expectations and providing upside catalysts. Read More.
• Neutral Sentiment: Media and analysts highlight GLW as an AI/data‑center beneficiary (Zacks, Jim Cramer commentary urging holders to stay invested) — supportive narrative but already partly priced in after the recent run. Read More.
• Neutral Sentiment: Company issued Q1 2026 EPS guidance of $0.660–0.700 and said Q1 sales should be above estimates — guidance is generally inline-to‑slightly constructive but not a surprise. Read More.
• Negative Sentiment: CFO Edward Schlesinger sold 21,104 shares (~$2.2M), reducing his stake by ~28% — an insider sale that some investors interpret as a near‑term bearish signal (or simply diversification). Read More.
• Negative Sentiment: After the spike to record highs on the Meta news and earnings, the stock has seen short‑term profit‑taking and a pullback noted by several outlets — likely the proximate cause of today’s decline. Read More.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GLW. Oppenheimer set a $120.00 price target on Corning in a research note on Thursday. Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Argus upped their target price on shares of Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Corning presently has a consensus rating of “Moderate Buy” and an average price target of $110.91.

Corning Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.